Four-Unit Property With
New
For Sale
$1,000,000
1416 Mount Major Highway, Alton, NH 03810
Quadplex with varied unit layouts, private outdoor areas, shared amenities, and a three-story barn with heated shop space.
Property Size5,651 SF
Price / SF$176.96
Days on Market5
Property Features for 1416 Mount Major Highway
General Information
Standard status
Active
Size
5,651 SF
Property subtype
Multi-Family
Zoning
LR-LAK
Building Details
Year Built
1820
Stories
2
Listing Agency:
Boston Realty Advisors
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Sep 12
Changed: Sep 15
Last Checked: Sep 15 at 4:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boston Realty Advisors
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 1416 Mount Major Highway includes a mix of layouts and private outdoor spaces. Unit 1 is a two-story residence with two bedrooms, two bathrooms, a full kitchen, living and dining rooms, laundry, and a primary suite with balcony. Unit 2 offers two bedrooms, one bathroom, kitchen and living areas, and a private deck. Unit 3 has one bedroom, one bathroom, living space, and a deck. The newly remodeled Unit 4 includes three bedrooms, two full bathrooms, kitchen, living room, and dining area.
Property amenities include an in-ground pool, pergola, outdoor dining area, playground, fire pit, and parking for tenants and visitors. A three-story barn adds a heated pull-through shop and substantial storage, with potential for workshop or business use. The property is located in Alton, NH, near Lake Winnipesaukee and Gunstock Mountain Resort, and is zoned LR-LAK. Built in 1820.
Property amenities include an in-ground pool, pergola, outdoor dining area, playground, fire pit, and parking for tenants and visitors. A three-story barn adds a heated pull-through shop and substantial storage, with potential for workshop or business use. The property is located in Alton, NH, near Lake Winnipesaukee and Gunstock Mountain Resort, and is zoned LR-LAK. Built in 1820.
Key Highlights
- Four distinct residential units with varied layouts and bedroom counts
- Unit 4 is newly remodeled with 3 bedrooms and 2 full bathrooms
- Three‑story barn includes a heated, pull‑through shop and abundant storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,649,060
$1.6M
Cap Rate 7%
$1,177,900
$1.2M
Cap Rate 9%
$916,144
$916.1K
Market Conditions
NOI Build-Up for 5,651 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.1K $21.60/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$117.8K $20.84/SF
− OpEx
−$35.3K −$6.25/SF
NOI
$82.5K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,649,060
Cap Rate 7%
$1,177,900
Cap Rate 9%
$916,144
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,453 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$1.08M
$947.7K – $1.26M
NOI $75,817 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,069 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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Business Placement
Demographics for 03810, NH
2,246
Population
2,494
Households
0.9
Avg Household Size
54
Median Age
41%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
95
Density / Sq Mi
$143,102
Median Household Income
$55,970
Median Earnings
$572,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with varied unit layouts, private outdoor areas, shared amenities, and a three-story barn with heated shop space.
Where is this quadplex located?
The property is located at 1416 Mount Major Highway Alton, NH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four distinct residential units with varied layouts and bedroom counts; Unit 4 is newly remodeled with 3 bedrooms and 2 full bathrooms; Three‑story barn includes a heated, pull‑through shop and abundant storage
